Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Crusader Resources Limited    CAS   AU000000CAS1

CRUSADER RESOURCES LIMITED (CAS)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Crusader Resources Limited : Australia’s Crusader eyes raising Brazilian iron ore output – Platts

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/06/2014 | 03:29am CEST

http://www.platts.com/latest-news/metals/melbourne/australias-crusader-eyes-raising-brazilian- iron-27887295

Australia's Crusader eyes raising Brazilian iron ore output to 1.5 mil mt/year

Melbourne (Platts)--3Feb2014/125 am EST/625 GMT
Australian emerging iron ore producer Crusader Resources is considering ramping up production at its Posse iron ore mine in Brazil to 1.5 million mt/year within a year, days after being granted a full mining license, a company official said Monday.
Posse had been producing at 65,000/month on a trial license basis and will immediately ramp up to
80,000 mt/month after being granted a full license last Friday, with a view to producing at up to 1.5 million mt/year, or 125,000 mt/month, within the next 12 months, company's executive director Paul Stephen said at an investor seminar in Melbourne.
Crusader trucks all its product to the mine gate where it is sold to 19 domestic customers, including pig iron producer Siderurgica Alterosa, long steel producer Gerdau and global steelmaker AreclorMittal, Stephen said.
The company last week averaged 205 truck deliveries of ore a day to the mine gate, up from around
150 a day in November 2013, he said.
Stephen added that demand for Crusader's iron ore was growing due in part to a series of construction projects for Brazil's hosting of the World Cup mid-year and the Olympics in 2016.
Posse, located around 30 km from the city of Belo Horizonte, produces iron ore at a cost of $12/mt, paying 7 cents kilowatt/hour for power and salaries of around $20,000/year for truck drivers, who would receive around A$120,000/year ($104,000/year) in Australia, Stephen said.
--Marnie Hobson, [email protected]
--Edited by Wendy Wells, [email protected]

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CRUSADER RESOURCES LIMITED
04/05CRUSADER RESOURCES LIMITED : - Clarification Updated Competent Person Statement
AQ
03/21CRUSADER RESOURCES : Proposed cash placing
AQ
03/07CRUSADER RESOURCES : Announces Loan Conversion
AQ
03/07CRUSADER RESOURCES LIMITED : - Cleansing Notice
AQ
02/26CRUSADER RESOURCES : London Investment Bank Initiates Research coverage on Crusa..
AQ
02/22CRUSADER RESOURCES : London Investment Bank Initiates Research on Crusader
PU
02/15CRUSADER RESOURCES : Update on AIM Admission and Board Changes
AQ
02/15CRUSADER RESOURCES : Announces Update on Lithium Projects
AQ
02/14CRUSADER RESOURCES : Update on AIM Admission and Board Changes
PU
02/13CRUSADER RESOURCES : Borborema Optimisation Study Delivers Outstanding Results
AQ
More news
News from SeekingAlpha
2017Crusader Resources (CHLXF) Presents At 2017 Precious Metals Summit - Slidesho.. 
2015INSIDER BUYS AND SELLS : A. M. Castle, Microsoft 
2015INSIDERINSIGHTS.COM DAILY ROUND UP 1 : Fxcm, ryam, cas, sncr 
2015INSIDERINSIGHTS.COM DAILY ROUND UP 1 : Thrm, fxcm, opk, tcbi 
Chart CRUSADER RESOURCES LIMITED
Duration : Period :
Crusader Resources Limited Technical Analysis Chart | CAS | AU000000CAS1 | 4-Traders
Income Statement Evolution
Managers
NameTitle
Marcus David Engelbrecht Managing Director & Director
Stephen Copulos Non-Executive Chairman
Andrew Beigel Chief Financial Officer & Secretary
Paul Stephen Executive Director
Mauricio Ferreira Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CRUSADER RESOURCES LIMITED-25.00%14
BHP BILLITON PLC0.78%122 255
BHP BILLITON LIMITED4.36%122 255
RIO TINTO1.14%99 693
RIO TINTO LIMITED6.23%99 693
ANGLO AMERICAN14.05%34 763